Reporting requirements (61 - 70 of 70 items)
Information Return Requirements for Independent Contractors
T-GGD-89-21: Published: May 16, 1989. Publicly Released: May 16, 1989.
Pursuant to a congressional request, GAO reviewed the Internal Revenue Service's (IRS) efforts to: (1) ensure that employers report payments made to independent contractors; and (2) detect employers who misclassify employees as independent contractors. GAO found that: (1) federal, state, and local governments, and businesses were not complying with tax reporting requirements; (2) IRS failed to ide...
Tax Administration: Opportunities Exist for Improving IRS' Administration of Alien Taxpayer Programs
GGD-88-54: Published: Apr 11, 1988. Publicly Released: May 12, 1988.
Pursuant to a congressional request, GAO studied the: (1) extent to which legal aliens complied with tax filing requirements; and (2) effectiveness of Internal Revenue Service (IRS) programs aimed at identifying and collecting legal aliens' income taxes.GAO found that IRS: (1) lacked sufficient information to measure the extent to which legal aliens complied with requirements, or the effectiveness...
The Tax Gap
T-GGD-88-22: Published: Mar 31, 1988. Publicly Released: Mar 31, 1988.
GAO discussed the gap between the amount of income taxes that individuals and businesses owed and the amount that they voluntarily paid. GAO noted that the Internal Revenue Service's (IRS) most recent estimate showed: (1) a tax gap of $84.9 billion for tax year 1987, with individuals owing $63.5 billion, large and medium corporations owing about $16 billion, and small corporations owing about $5 b...
Tax Policy: Information on Interest Deducted for Financing Mergers Is Not Available
GGD-88-58: Published: Mar 29, 1988. Publicly Released: Mar 29, 1988.
Pursuant to a congressional request, GAO examined tax deductions corporations took for interest from funds borrowed to finance mergers which required Federal Trade Commission (FTC) notification.GAO found that information on interest deductions deriving from corporate mergers is not readily available, since the Internal Revenue Service (IRS), FTC, and the Securities and Exchange Commission (SEC) ha...
Tax Administration: IRS' Tax Gap Studies
GGD-88-66BR: Published: Mar 25, 1988. Publicly Released: Mar 25, 1988.
Pursuant to a congressional request, GAO provided information on the Internal Revenue Service's (IRS) studies on the tax gap, defined as the difference between the amount of income taxes individuals and businesses voluntarily pay and the amount of income taxes individuals and businesses actually owe.GAO found that the IRS 1988 tax gap study differed from its 1983 study in that it: (1) excluded tax...
Social Security: More Must Be Done To Credit Earnings to Individuals' Accounts
HRD-87-52: Published: Sep 18, 1987. Publicly Released: Sep 18, 1987.
GAO reviewed the effectiveness of the Social Security Administration's (SSA) process for crediting individuals' earnings to their individual accounts and the effect of uncredited or erroneously credited earnings on individuals' benefits and eligibility and on Social Security trust funds.GAO found that: (1) SSA consistently reported less in earnings than the Internal Revenue Service (IRS), and the...
Tax Administration: Tip Income Reporting Can Be Increased
GGD-86-119: Published: Sep 30, 1986. Publicly Released: Oct 14, 1986.
In response to a congressional request, GAO reviewed the Internal Revenue Service's (IRS) efforts to improve tip income reporting and the impact of the Tax Equity and Fiscal Responsibility Act's (TEFRA) tip income reporting requirements on both the food and beverage industry and tip income reporting.GAO found that: (1) of the four IRS regions it visited, two were more active and successful in purs...
IRS' Information Returns Matching Program
129740: Apr 29, 1986
GAO discussed the status of the Internal Revenue Service's (IRS) Information Returns Program, a concept of matching information returns to income tax returns for the purpose of identifying unreported income. GAO focused on: (1) trends in information returns received and matched; (2) information returns not used in the process; (3) follow-up efforts on underreporter and nonfiler cases; (4) enforcem...
Further Research Into Noncompliance Is Needed To Reduce Growing Tax Losses
GGD-82-34: Published: Jul 23, 1982. Publicly Released: Jul 23, 1982.
The federal government is losing billions of dollars in tax revenues annually because individuals are not complying with U.S. tax laws. There is a growing trend toward disregard for the principle of voluntary tax compliance, a trend which the Internal Revenue Service (IRS) estimates increased tax revenue losses from $12 billion in 1976 to at least $20 billion in 1980.GAO found that IRS needs more...
Issues Affecting State Taxation of Multijurisdictional Corporate Income
114748: Mar 17, 1981
The manner in which States tax the income of multijurisdictional corporations has been a controversial subject for many years. Resulting primarily from a lack of uniformity among State income tax laws, the issues which have evolved entail large amounts of revenue, bear directly on the Federal-State relationship, and in recent years have grown in complexity, especially as they relate to foreign sou...